Depreciation Method. With respect to all depreciable assets of the Partnership, the General Partner shall elect to use such depreciation method for Federal tax purposes as it deems appropriate and in the best interests of the Partners generally.
Depreciation Method. Xxxx-Xxxx, as the general partner of MCRLP, covenants and agrees that MCRLP and its affiliates will use the "traditional method with curative allocations" (as defined in Treasury Regulations Section 1.704-3(c)) of allocating income, gain, loss and deduction to account for the variation between the fair market value and adjusted basis of the Property for federal income tax purposes with respect to (i) the contribution of the Property, and (ii) any revaluation of the Property in accordance with the provisions of Treasury Regulations Sections 1.704-1(b)(2)(iv)(f), 1.704-1(b)(2)(iv)(g) and 1.704-3(a)(6).
Depreciation Method. 200% declining balance method, switching to straight line method for the 1st taxable year for which using the straight line method with respect to the adjusted basis as of the beginning of such year will yield a larger allowance.
Depreciation Method. The Company acknowledges that it is aware of the provisions of Section 168(g) of the Code and that it will comply with said provisions, if and to the extent the same are applicable. [END OF ARTICLE II]
Depreciation Method. 200% declining balance method, switching to straight line method for the 1st taxable year for which using the straight line method with respect to the adjusted basis as of the beginning of such year will yield a larger allowance. b. Recovery Period: five (5) years. c. Basis: 100% of Capitalized Lessor's Cost.
Depreciation Method. No Credit Party shall, nor shall it permit any of its Subsidiaries to, change its method of calculating depreciation with respect to the preparation of the financial information set forth in the Financial Statements except as required by GAAP, the independent accountants of any Credit Party, the SEC or any other Governmental Authority having jurisdiction over such Credit Parties.
Depreciation Method. No US Borrower shall, nor shall it permit any of its Subsidiaries to, change its method of calculating depreciation with respect to the preparation of the financial information set forth in the Financial Statements except as required by GAAP, the independent accountants of any US Borrower or any of its Subsidiaries, the SEC or any other Governmental Authority having jurisdiction over such US Borrower or such US Subsidiary.
Depreciation Method. 10 Section 13.
Depreciation Method. (commencing in Lessor’s taxable year which includes the Acceptance Date) 200% declining balance method, switching to straight line method for the first taxable year for which using the straight line method with respect to the adjusted basis as of the beginning of such year would yield a larger allowance.
Depreciation Method. Damage to or loss of property is valued at what it costs to restore the property with regard to the property's fair market value. By fair market value is meant the value of the property, taking into account the age and condition of the property at the time of the damage. Omocom determines the value of the property with the support of available valuation tools such as marketplaces and object valuation services. Omocom is based on what it costs in general trade to buy a new one if the property existed or what it probably would have cost. From that cost, Omocom reduces its value due to age, wear and tear, obsolescence and / or other circumstances. Omocom is responsible for the damage cost after any age deduction.
